The Public Sector Pension Investment Board significantly increased its stake in Caesars Entertainment, Inc. by 1,794% in the third quarter, now owning 811,297 shares valued at approximately $21.9 million. Several other major institutional investors also increased or initiated positions, pushing institutional ownership to nearly 91.79%. Despite analyst sentiment being a “Moderate Buy” with a $34.61 consensus price target, recent downgrades from some firms like Jefferies signal caution.
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Public Sector Pension Investment Board Boosts Holdings in Caesars Entertainment, Inc. $CZR
The Public Sector Pension Investment Board significantly increased its stake in Caesars Entertainment, Inc. by 1,794% in the third quarter, now owning 811,297 shares valued at approximately $21.9 million. Several other major institutional investors also increased or initiated positions, pushing institutional ownership to nearly 91.79%. Despite analyst sentiment being a “Moderate Buy” with a $34.61 consensus price target, recent downgrades from some firms like Jefferies signal caution.